Bitfarms is a leading Bitcoin miner based in Toronto, Canada. Founded in 2017, the company operates ten mining facilities across Canada, the United States, Argentina, and Paraguay. Since cryptocurrency investment is becoming popular globally, many investors are attracted to Bitfarms and are looking for ways to invest in the company.
In this guide, we will take you through the step-by-step process of buying shares in Bitfarms. You will also learn the brokers we believe are the best for your investment and the basic tips for identifying one should you not find a suitable broker from our list.
In this guide
How to Buy Bitfarms Shares?
Brokers for Investing in Bitfarms Stocks
Bitfarms shares are listed on the TSX and NASDAQ exchanges under the ticker BITF. To easily purchase BITF stock in the UK, you need a reliable online broker with access to the NASDAQ exchange. Unfortunately, identifying the best broker can be a lengthy and daunting task when you are looking to buy Bitfarms stock for the first time. With this in mind, we recommend using the brokers below that have been tested and reviewed by our expert researchers.
1. IG Markets
IG Markets is another broker that you can use to buy Bitfarms stock on the NASDAQ exchange. IG Markets has a social trading platform where you can meet and exchange trading ideas with other traders.
In addition, you can explore different trading platforms to help you have the best trading experience. These include MT4 for forex traders, ProRealTime, and L-2 Dealer. Trading Bitfarms shares at IG Markets is also commission-free.
Sadly, the broker charges high spreads which are higher compared to what other brokers charge. It also has a high minimum deposit requirement of £300. Moreover, the broker charges a subscription fee of £50 should you fail to trade more than three times within three months using your share trading account.
✔ Leading broker with low fees
- Advanced research materials for skills development
- Regulated by the FCA
- Hosts 17,000+ assets to choose from
- Social trading platform for connecting stock traders
- High minimum deposit requirement (£250)
- High spreads
| Type | Fee |
| Minimum account | £0 |
| Opening an account | £0 |
| Overnight funding | yes (depends on market) |
| Withdrawal fee | £0 |
| Inactivity fee | £12 per month after 2 years of inactivity |
| Advanced graphs (ProRealTime) | £30 per months |
2. CMC Markets
CMC Markets hosts impeccable research and educational materials on its Next Generation and MT4 platforms to maximise your trading experience. Additionally, trading Bitfarms stocks is commission-free and there is no minimum deposit required.
Besides Bitfarms shares, CMC Markets hosts additional 8,000+ shares. You can also explore more assets, such as commodities, forex, indices, cryptocurrencies, ETFs, and more. As an investor, exploring additional assets will enable you to diversify your portfolio, thus maximising your profit potential.
On the flip side, the broker does not allow you to buy and own Bitfarms shares since you can only trade them as derivatives (CFDs and indices). We also believe its customer service can be improved as it is available only five days a week.
✔ Great selection of assets
- No minimum deposit requirement
- Offers over 8,000 international shares
- Low spreads for trading Bitfarms and other stocks
- Numerous learning and research tools
- Its advanced research materials may inconvenience beginners
- Trading certain assets on certain markets can be expensive
| Type | Fee |
| Minimum Deposit | £200 |
| Inactivity fee | £10 monthly |
| Withdrawal fee | £0 |
| Deposit fee | £0 |
Tips on How to Choose the Best Broker to Buy Bitfarms
Now that you know the top three brokers to buy Bitfarms shares, you need to choose the one that is suitable for your investment needs. However, if you still want to find a broker on your own, there are several significant elements you should consider. Stock brokers in the UK have varying features, and it is important to ensure that they meet your investment needs.
That being said, here are the main factors to consider when choosing a stock broker to buy Bitfarms shares with.
The best broker for buying Bitfarms shares must be licensed and regulated by the FCA. Brokers that are regulated by the FCA have implemented the necessary measures to offer you the best trading conditions and secure your trading funds. Therefore, choosing such brokers helps you from falling victim to the antics of fraudulent brokers.
A stock broker’s platform should be user-friendly and customisable to maximise your experience. Most importantly, the platform should offer the necessary tools for skills development and research. This includes a demo account loaded with adequate virtual funds to test various strategies and practise share trading without spending a single pound.
Make sure the stock broker you choose has access to the NASDAQ exchange, where Bitfarms shares are listed. Also, consider brokers that allow you to trade Bitfarms shares in other forms such as CFDs and indices. Moreover, the broker should also offer other financial assets for portfolio diversification, including commodities, forex, cryptocurrencies, ETFs, etc.
Investing in the stock market is a risky adventure, and while you can earn profits, you are also likely to incur losses. Therefore, it is crucial to find a stock broker you can afford, whereby you get to invest with money you are comfortable losing.
Consider a broker’s trading and non-trading fees before signing up for an account and select the one you can afford to avoid overspending and draining your wallet. Some of the charges to look at include account registration, minimum deposit requirement, commission/spreads, transaction, and inactivity fees.
Of course, the broker you choose should have various payment options, including bank transfers, e-wallets, and credit/debit cards. While not all of them will be suitable for you, make sure a stock broker supports a payment using a funding method that is convenient for you so you can enjoy your experience.
Lastly, always settle for a broker with reliable and dedicated support service to maximise your potential in the stock market. This guarantees that any trading challenges you encounter will be handled fast and effectively, thus allowing you quickly get back to managing your positions. Keep in mind that some brokers have a 24/7 support service while others can be contacted only five days a week.
Bitfarms Price Today
Bitfarms stock price keeps fluctuating and it is important that you understand the current share price to easily strategise and identify the best entry and exit points. Fortunately, we have prepared a live chart below to help you follow live updates of the Bitfarms share price below. Our chart also features historical data and several other data points that you can use to analyse the trading potential of the stock.
About Bitfarms
Bitfarms was co-founded in 2017 by Emiliano Grodzki and Nicolas Bonta. It is a leading Bitcoin miner headquartered in Toronto, Canada. The company operates 10 mining facilities across Canada, the United States, Argentina, and Paraguay.
Bitfarms has established crypto mining facilities in Canada, the United States, Paraguay, and Argentina. It was one of the earliest public crypto-miners and has demonstrated rapid growth in the past couple of years.
The company runs vertically integrated bitcoin mining operations with onsite proprietary data analytics and technical repair. In 2022, Bitfarms mined 5,167 BTC, an improvement of 50% compared to the 3,453 produced in 2021.
Note that Bitfarms has implemented numerous strategies to increase its revenue. Besides mining Bitcoin, the company provides electrician services to residential and commercial customers in Quebec, Canada.
Bitfarms listed its common shares on the TSX Venture Exchange on July 16, 2019 and on the NASDAQ Exchange on June 21, 2021 under the symbol BITF. Since going public, millions of investors have been purchasing and trading its shares via credible brokers.
Like any other stock, Bitfarms is a risky investment. The future of Bitfarms as it always has been is mainly dependent on the performance of Bitcoin. Simply ensure you conduct additional research on the company to clear any doubts before making an investment.
FAQs
We consider Bitfarms a good stock buy. However, we advise you to study the company and its shares to ensure you make the best investment decision.
Conduct a thorough market analysis and stay abreast with Bitfarms current share price to identify the best entry and exit points. Most importantly, invest using a credible and reliable stock broker like the ones referenced in our mini reviews above.
You can buy Bitfarm stock from the NASDAQ through stock brokers with access to the exchange, where the stock is listed under the symbol BITF.
Currently, Bitfarms has outstanding shares of 217.57 million.
Bitfarms mines Bitcoin from its facilities in Canada, the United States, Paraguay, and Argentina.
Conclusion
Bitfarms has been one of the most important companies in the crypto mining industry over the past few years, and all the signs indicate that it will continue to grow in the coming years. Thus, Bitfarms has been and will continue to be a potentially rewarding investment opportunity.
Just keep in mind that you need to study the company and its shares to clear any doubts regarding your investment decisions. If you are a beginner, start investing with small amounts of money and install trading apps on your mobile device to monitor your investments on the go.
25,000 hours of testing 70+ brokers. Our recommended broker is Plus500.
Our recommended broker is Plus500.